SHARES of Chinese-language newspaper publisher Sin Chew Media Corp Bhd (SCMC) are expected to trade above their initial public offer (IPO) price of RM2.25 when the company lists on Bursa Malaysia on Oct 18.
Two research reports - by Thong & Kay Hian Securities and RHB Research - have set a price target of RM3.10 and RM2.72 respectively for SCMC, which publishes the Chinese-language Sin Chew Daily and Guang Ming Daily.
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